Getting unsolicited offers from banks for credit cards, loans etc? Do you know what action can you take against erring banks? Here's what the Reserve Bank of India advices to customers harassed by such offers.
The next time you shop using a credit card, be sure that you are not spending more than what you would have spent, if you were paying cash.
The Federation of Automobile Dealers Association on Thursday launched a credit card in association with the ICICI bank.
Barclays Plc, UK's third-largest bank by assets, plans to enter the emerging credit card market in India.
Read the fine print on the credit card application form carefully, so that you know exactly what you are signing up for.
and three times when you should actually use them
Though reward points should not be a primary concern while opting a credit card they do hold some monetary value. Be sure to redeem your points on time and make the best use of your card.
Credit card information is privy and prone to theft. Therefore it is your responsibility to keep it safe from miscreants who may illegally use it and make you pay the price for the same because after all, you are the owner of the card.
A look at how finance charges and other fees are calculated on your credit card expenses.
It's always been a struggle for economists and statisticians to forecast India's gross domestic product (GDP) correctly, and say where the economy is headed before the official numbers come out. If estimating the GDP is tough, forecasting it in real time is complicated. It involves looking at tens of indicators, such as industrial production, electricity consumption and exports, to arrive at a number.
A day after the Reserve Bank of India (RBI) lifted its ban on HDFC Bank on issuing new credit cards, the country's largest private sector lender on Wednesday said it had resources and plans in place to "further reinforce pole position in the credit card segment" and that it would "come back with a bang". "We will aggressively go to the market, with not just our existing suite of credit cards but also new offerings in the form of co-brands and partnerships," Sashidhar Jagdishan, managing director and chief executive officer of HDFC Bank, said in a letter to his employees. The bank's management had earlier indicated that the lender had been sourcing liability customers aggressively over the past few months.
Some online fraudsters got their target and timing horribly wrong on Sunday after they attempted to 'digitally arrest' a senior police official with an automated call over 'credit card misuse' while he was addressing a press conference in Indore in Madhya Pradesh.
You can gift your sister a Women Special Credit Card, which is not only loaded with exciting rewards for women, but they are also your sister's first step towards a better credit management.
The RBI is drafting a comprehensive study on the credit card market and a best practices code for credit card issuers.
Fintech firm BharatPe is targeting an initial public offering (IPO) in the next 18-24 months with the company expecting profitability at an earnings before interest, taxes, depreciation and ammotisation (Ebitda) level for FY25, chief executive officer (CEO) Nalin Negi said.
We asked Get Ahead readers to send in their opinions on the credit card vs debit card debate. Here are a few responses from readers about their credit card experiences:
Most people do not understand how minimum payments are calculated on credit cards and thus end up paying much more interest than they should to the card issuers.
If used well, it can bring a host of benefits.
Watch out what you do with that piece of plastic
If you were thinking that by raising interest rates, the RBI is only trying to get stricter with credit card holders, think again
If your loan was rejected because you had just 'settled' your outstanding dues and not 'closed' it altogether, then here's how you can get this loan approved.
Unfortunately not everyone is aware of the pitfalls of owning a credit card.
Here are 5 ways you can get a credit card even if you do not have a job.
Credit card companies come up with tempting offers.
The small and medium enterprises may soon have a credit card in their names. The Lucknow-based Small Industry Development Bank of India is mulling over the idea of having an SME credit card.
Who could have thought that credit card spending offers a peep not only into the financial health but also into the behaviour of a person!
These are the highlights of the Union Budget 2025-26 presented by Finance Minister Nirmala Sitharaman in Parliament on Saturday.
With guidelines in favour of the issuer, consumers need to be more vigilant.
While it is a convenient mode of payment, it is not an efficient way of borrowing. Repay your dues fully every month if you decide to use it
Just like our older generation, you should realise that a penny saved now would come in handy when you need a penny.
It is not just the number of credit cards in use that is falling, but even spending through this route is dropping. According to latest data released by the Reserve Bank of India, the credit card population fell by 8.62 per cent to 25.87 million at the end of January this year, as against 28.31 million at the start of the financial year. This is in contrast to April-January 2007-08, when the number of credit cards rose by 13.32 per cent.
We asked Get Ahead readers to send in their experiences about using credit cards and debit cards. Here are a few responses.
Whether it is the virtual world or the physical one using your credit card with a few precautions go a long way in keeping it safe. Be cautious and do not become a statistic in the growing credit card fraud!
Banks have started charging customers for payment of credit card bills through cheque and so paying online makes more sense.
Your credit card bill could rise if you do not have a good credit history. The interest rates on credit cards, which were hovering around three per cent, are set to cross the three per cent mark across the industry.
Are you repenting not covering valuables you purchased using credit card? Fret not!
Balance transfer is a facility in which you can transfer outstanding balance from one credit card to another. It works well if you have multiple cards.
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